The amalgamation of 26 Regional Rural Banks across 11 states and Union territories has taken effect, marking the fourth phase of RRB consolidation. This initiative, driven by the 'One State One RRB' principle, aims to strengthen RRBs, improve governance, and enhance credit flow and financial inclusion. Post-amalgamation, there will be 28 RRBs covering 700 districts, primarily serving rural areas.
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